Since stocks are trading in the middle of this range, Doll said he does not currently have a lot of conviction. He added that he wanted some health care for defensiveness and some technology for cyclicality.
Among the health-care services companies he likes are Humana and Aetna .
In the technology sector, Doll listed Dell , Symantec and Microsoft among his picks.
Although Doll said he does not foresee the euro falling apart, if it does happen, the S&P could break 1,100 on the downside. If the Europe situation detiorates, he would want more defensive stocks, such as those in health care, in a portfolio.
He added that the U.S. economy is doing okay, with each quarter's GDP stronger than the last this year, and that the earlier "double-dip scare was worrying for nothing."
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Disclosure information was not available for Bob Doll or his company.